KBC Group NV raised its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,726 shares of the company’s stock after buying an additional 62,226 shares during the period. KBC Group NV owned 0.32% of Brookdale Senior Living worth $10,413,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Brookdale Senior Living by 3.6% in the second quarter. Vanguard Group Inc. now owns 13,109,046 shares of the company’s stock worth $202,404,000 after buying an additional 453,593 shares during the period. Cohen & Steers Inc. raised its stake in shares of Brookdale Senior Living by 16.9% in the second quarter. Cohen & Steers Inc. now owns 6,173,115 shares of the company’s stock worth $95,313,000 after buying an additional 892,436 shares during the period. State Street Corp raised its stake in shares of Brookdale Senior Living by 10.1% in the first quarter. State Street Corp now owns 2,487,397 shares of the company’s stock worth $39,503,000 after buying an additional 228,580 shares during the period. BlackRock Fund Advisors raised its stake in shares of Brookdale Senior Living by 2.2% in the second quarter. BlackRock Fund Advisors now owns 2,389,907 shares of the company’s stock worth $36,900,000 after buying an additional 52,162 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Brookdale Senior Living by 116.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,826,549 shares of the company’s stock worth $28,202,000 after buying an additional 982,780 shares during the period.

Institutional Ownership by Quarter for Brookdale Senior Living (NYSE:BKD)

Shares of Brookdale Senior Living Inc. (NYSE:BKD) traded down 2.21% on Monday, reaching $11.92. 2,408,032 shares of the company were exchanged. The company’s 50-day moving average is $13.82 and its 200-day moving average is $16.35. The company’s market capitalization is $2.22 billion. Brookdale Senior Living Inc. has a 52 week low of $10.65 and a 52 week high of $23.29.

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A number of brokerages have issued reports on BKD. Jefferies Group lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating and cut their price target for the stock from $29.00 to $14.00 in a report on Friday, November 11th. TheStreet lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Royal Bank Of Canada lowered shares of Brookdale Senior Living from a “top pick” rating to an “outperform” rating and cut their target price for the company from $25.00 to $16.00 in a research note on Wednesday, November 2nd. Bank of America Corp. lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $10.65 to $12.00 in a research note on Wednesday, November 2nd. Finally, Wells Fargo & Co. lowered shares of Brookdale Senior Living from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.38.

In other news, Director Frank M. Bumstead bought 15,000 shares of Brookdale Senior Living stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of $12.03 per share, with a total value of $180,450.00. Following the completion of the purchase, the director now owns 121,229 shares in the company, valued at approximately $1,458,384.87. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

About Brookdale Senior Living

Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.

5 Day Chart for NYSE:BKD

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